Lendbuzz Leases 5,084 Sq Ft Office Space At Trinity Commons, 107 Greenwich Street
107 Greenwich Street
$79
$79/SF
Building Size
5,084 SF
Asset Type
Office
Closing
Jan 5, 2024
About this deal
AI
Lendbuzz, an AI-driven auto loan service, has secured a five-year lease for a 5,084-square-foot space on the 22nd floor of Trinity Commons at 107 Greenwich Street, marking its inaugural New York City headquarters. The asking rent for the office space was $79 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $79/ft
- Square Footage: 5,084
- Address: 107 Greenwich Street
- Market: Financial District
Lendbuzz was represented in the lease transaction by brokers Andrew Coe, Edward DiTolla, Finley Burger, Jeff Szczapa, John Wheeler, and Margaux Kelleher from JLL.
On the Map
$79
$79/SF
Office
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Players
New York Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
200797.47%
Cash-on-Cash
-57388.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93